HBO Session 3: People are greatest asset

The Key Insights:

So far we have discussed how important are people to the organization. One of the key to engaging people to an organization is "Empowering the employees". Empowerment is imbibed into the culture of the company. Times have changed, and the command and control policy of the past will not work today. Persuading  and empowering is critical component to make the employees more productive.

In the era of War of Talent, the competition for retaining and hiring people is intense. The various tangible incentives that the companies provide can easily by copied or a new incentive can be invented. But what cannot be easily copied is the intangibles like the culture of the company. So for companies creating more and more innovative culture will be key to the successful management of their biggest asset "THE PEOPLE".